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Twenty states in the United States have adopted energy efficiency resource standards (EERS) that specify absolute or per¬centage reductions in energy use relative to business as usual. We examine how an EERS compares to policies oriented to meeting objectives, such as reducing greenhouse gas...
Persistent link: https://www.econbiz.de/10009651749
achieve quantitative goals for reducing energy use by a certain year. EERS policies generally apply to electricity and natural … gas sales and electricity peak demand, though they also cover other energy sources in Europe. Our study aggregates … information about the requirements of existing EERS policies for electricity sales in the United States. We convert quantitative …
Persistent link: https://www.econbiz.de/10009651750
been much debate about their potential effects on electricity reliability. Only very exceptional circumstances would … trigger supply disruptions; however, the changes may affect electricity prices, the generation mix, and industry revenues …. Coincident with these new rules, expectations about natural gas prices and future electricity demand growth are changing in ways …
Persistent link: https://www.econbiz.de/10010556838
electricity generating fleet than most studies have predicted. …
Persistent link: https://www.econbiz.de/10010643001
electric power sector using a cap-and-trade program. This paper assesses the importance of long-term electricity contracts … electricity and a small effect on retail price. States may want to consider contracts on a case-by-case basis when making …
Persistent link: https://www.econbiz.de/10005442360
states, are expected to have important effects on the electricity industry and on the market value of firms that own … electricity generation assets. The economics literature finds large efficiency advantages for initial distribution of tradable …
Persistent link: https://www.econbiz.de/10005442381
policies to provide revenue for the sale of electricity generated from captured methane gas. Individually, any of these …
Persistent link: https://www.econbiz.de/10005442430
For years economists have urged policymakers to use market-based approaches such as cap-and-trade programs or emission taxes to control pollution. The SO2 allowance market created by Title IV of the 1990 U.S. Clean Air Act Amendments (CAAA) presents the first real test of the wisdom of...
Persistent link: https://www.econbiz.de/10005442575
generation performance standard as alternative approaches for distributing carbon emission allowances in the electricity sector …. We solve a detailed national electricity market model and find the auction is roughly one-half the societal cost of the … competition in the electricity sector. The differences in the cost of the approaches flow from the effect of each approach on …
Persistent link: https://www.econbiz.de/10005442594
We analyze policies to promote renewable sources of electricity. A renewable portfolio standard raises electricity … production tax credit lowers electricity price at the expense of taxpayers and thus limits its effectiveness in reducing carbon …
Persistent link: https://www.econbiz.de/10005442604